Aerospace giant and Bondholder, Rolls-Royce has signed a contract with Vietnam Airlines, worth $580 million.

In the presence of Vietnam’s Prime Minister Nguyen Tan Dung and UK Prime Minister David Cameron, the contract agrees that Rolls-Royce will provide support for the Trent XWB engines, which will power 14 Airbus A350 XWB aircrafts.

The Trent XWB engine is designed, developed and manufactured at Rolls-Royce’s site in Sinfin.

Rolls-Royce is the pinnacle of UK manufacturing excellence, exporting to fast-growing markets across Asia. I’m delighted that they are announcing this $580 million contract with Vietnam Airlines supporting UK manufacturing in Derby, Rolls-Royce’s manufacturing hub for Trent XWB engines 

— David Cameron, UK Prime Minister

The signing comes weeks after Vietnam Airlines became the second airline in the world to operate the Airbus A350.

The Trent XWB is the latest example of our ability to take the best in technology to deliver new standards of excellence. We look forwards to supporting Vietnam Airlines for many years to come

— Tony Wood, Rolls-Royce, President – Aerospace

The news comes in the same week the manufacturing icon had been given permission to push ahead with plans to modernise its city operations with a brand new aerospace campus.

Fellow Bondholder Derby City Council has also granted permission to change the existing road infrastructure to facilitate a unified site.

The authority and Rolls-Royce have been working in partnership to secure this new road, which enables the wider campus to move forward.